LAS VEGAS, Feb. 2, 2005 (PRIMEZONE) -- Vestin Group, Inc. (Nasdaq:VSTN) announced that it was notified today that the NASD's OTC Compliance Unit has requested further information regarding the application to include Vestin's common stock for quotation on the OTC Bulletin Board. Accordingly, the common stock will not be quoted today on the OTC Bulletin Board and the Company can give no assurance as to if and when the application to the OTC Bulletin Board will be approved.
As previously disclosed, Vestin's common stock will be delisted from The Nasdaq SmallCap Market effective at the opening of business on February 3, 2005.
About Vestin Group
Vestin Group, Inc., through its subsidiaries, is engaged in asset management, real estate lending, and other financial services. Its subsidiary, Vestin Mortgage, has facilitated more than $1.5 billion in lending transactions since 1995. Through Vestin Mortgage, Vestin Group manages three funds, Vestin Fund I, LLC, Vestin Fund II, LLC, and Vestin Fund III, LLC These Funds have assets in the aggregate of approximately $500 million.